Bitcoin holds steady as US-Iran tensions escalate with military plans
Bitcoin's price remained steady over the weekend as tensions between the US and Iran continued to unfold. The cryptocurrency hovered near $66,500 on Sunday, showing little movement despite ongoing military discussions. Meanwhile, US officials are reportedly weighing limited ground operations in Iran as the conflict stretches into its fifth week. The Pentagon is preparing options for potential military action in Iran, according to a report by The Washington Post. Plans include targeted raids by Special Operations forces and conventional infantry, focusing on coastal sites like Kharg Island near the Strait of Hormuz. Officials stress that these would be limited strikes rather than a full-scale invasion.
Secretary of State Marco Rubio stated that the war should last 'weeks, not months' and that US objectives could be achieved without deploying ground troops. The comments came as mediators gathered in Pakistan to push for a ceasefire after a month of fighting.
Bitcoin's price has fluctuated in recent days amid shifting tensions. It stagnated near $68,000 last Monday following reports of possible US operations and statements from former President Trump. Early in the week, it hit a monthly low before rallying above $67,000–$69,000 by Wednesday on hopes of de-escalation. Over the weekend, however, trading remained flat, with Bitcoin settling at around $66,561 on Sunday. The cryptocurrency market has shown sensitivity to geopolitical developments, with Bitcoin's recent volatility reflecting changing expectations around the conflict. As US officials consider their next steps, the situation remains uncertain for both military strategy and financial markets.
